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20121226
20121226
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Search Results 0 to 45 of about 46 (some duplicates have been removed)
NBC
Dec 26, 2012 6:00pm EST
they said would avoid the fiscal cliff. republicans said the lines of communication are still open but the house will not act until the democratically controlled senate does. >> at the maryland due in baltimore, the african lions were not in their native habitat because it was snowing. the weather was so bad that these do closed -- the zoo closed for the day. the snow did not bother the residents of this lion park pret. >> they are tougher than the ones in maryland. we had a couple of inches of snow this morning. we have had snow to sleep to freezing rain to thunderstorms. you name it, we have had it. we have had an inch and a half the tv station. up to 3 inches in westminster. most of that is compressed because of the rain and sleet. up to 3 inches in some areas. the steadiest precipitation has come to an end. you can see some heavy rain on the eastern shore. around baltimore, that will be the case through the rest of the evening. it will be windy but the steady rain has come to an end. for mayor is trying to push in from the south. 52 in annapolis, 45 downtown. 35 in parkton. in
CNBC
Dec 26, 2012 5:00am EST
quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing troubles with long-term debt issues. on a statement on its web site, global credit says each political party insists on the proposition favorable for its own interest. it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. several events may have, of course, pushed consumers to spend less this season including hurricane sandy and concerns about how tax hikes from the fiscal clif
ABC
Dec 26, 2012 6:00pm EST
. >>> efforts to avoid the fiscal cliff will get underway tomorrow. president obama spent the day in hawaii thanking the troops for their service. time is running out and so far, lawmakers have struggled to find a compromise. >> then they say go back to the table, not your own table, but the table in washington because middle class people shouldn't have their income go up an average of $2,000 a year. >> some experts say a smaller simpler deal that delays the toughest issues could get us over the fiscal cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still down 29% from the peak in june of 2006. >>> it's become as much of a seasonal shopping tradition as black friday, the day people
ABC
Dec 26, 2012 4:00am EST
to washington to avoid the fiscal cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this morning. travel could be a challenge across much of the country. tornadoes, rain, snow, even a blizzard are all a threat. >> they are picking up the piece of a series of storms turned deadly. wendy gillette is joining us with more now. wendy? >> reporter: muhammad and brandi, we may dream of a white christmas. and many of us got one. but these storms also delivered a deadly punch, all across the country. >> oh, jesus. look at that tornado. >> reporter: this is just 1 of more than 30 reported tornadoes that touched down on christmas day, leaving behind heavy damage. >> still on the ground for over a minute. >> reporter: this one roared through mobile, alabama, tearing down parts of trin
FOX News
Dec 26, 2012 6:00am PST
with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expected to return to washington soon but we still don't know of a specific time set aside on his calendar to meet with the president. actually the last we heard from the speaker he said that since voters in november picked republicans to control the house, he is going to stay true to his party's principles in december in the course of making any kind of a compromise. >> the american people reelected president obama
CNBC
Dec 26, 2012 4:00pm EST
. there are only three trading days left now for 2012 and still no deal to avoid going over the fiscal cliff. all signs are pointing to more talks for lawmakers to try to hash things out. should wall street bet on a fix before january the 1st or is that wishful thinking? >> let's find out. let's speak to our guests. welcome to all of you. brian, where do you make of where we're going right now? you're the one that remains sort of neutral. you're buying this market right now, aren't you? >> well, we're pretty much staying put. we're recommending that our clients have a substantial allocation to equities. i mean, bear in mind, it's been a pretty good year despite it being an election year, despite the fiscal cliff and ongoing problems in europe. the market has done better than it has usual done. what's changed? i think there will be continued political turmoil and slow growth but that's, particularly given valuations, may not be a bad year for equities as all. >> i'm going to add to that list having been a good year for the stock market. also had a lot of recovery in the housing market as well. do
NBC
Dec 26, 2012 4:30am EST
, as confidence the country will avoid the fiscal cliff diminishes. >> i don't think there's going to be a grand bargain before the end of the year. there is hope a deal will be cut. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its support 1 in 4 american jobs and if the downward turn intensifies. for those, the wait is excruciating. president obama visited troops in hawaii over christmas after a frustrating week on capitol hill. he and speaker john boehner about $100 billion. >> the president was $200 billion in revenues. speaker boehner $100 billion in spending cuts. >> reporter: tough decisions ahead. six days left. and lawmakers are now saying they will likely address tax reforms and spending cuts in the new year when the debt ceiling debate gets going. reporting live in washington. i'm danielle leigh.
NBC
Dec 26, 2012 12:00pm EST
, but with new year's just a few days away a plan to avoid the fiscal cliff may come down to the wire. president obama spent part of this christmas greeting troops and how why he. >> not only do we have the finest military in the world -- >> but tonight he will leave the state for washington, and a state of gridlock, calls it -- as they struggle to come to a compromise to avoid tax hikes and spending cuts. members of both the house and senate are also heading back to capitol hill tomorrow. after the holiday break the president hopes will provide perspective. >> everybody can cool off, everybody can drink some eggnog and have some christmas cookies. >> and return to washington after speaker john boehner failed to get enough support for muslim party for a plan b that the bill that would raise taxes for those making more than a million dollars a year. >> what the president has offered so far simply would not do anything to solve our spending problem and begin to address the nation's crippling debt. >> so are still a stalemate. with the january 1 deadline quickly approaching, some were very we might
FOX News
Dec 26, 2012 12:00pm PST
the president cutting his holiday vacation in hawaii short to get back to work on avoiding the fiscal cliff. the white house says the president is set to return to the nation's capital tomorrow morning to try to hammer out a deal where lawmakers on stopping automatic tax hikes and deep spending cuts from kicking in, which is set to happen, if you're not watching the calendar, six days from now. if they don't reach a deal many say it could send the country right back into recession. ed henry is live in honolulu, hawaii. is this a sign the president sees progress in the talks? >> reporter: well, good to see you. it may be the opposite. the president's not seeing progress and wants to get back to washington as soon as possible to goose the process. time is running out. economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning
MSNBC
Dec 26, 2012 2:30am PST
are already taking a good hard look at their wallets as confidence the avoidance of the fiscal cliff diminishes. >> there is hope a deal will be cut. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >> if retailers stop creating job, the economy as a whole will stop creating jobs. >> reporter: the wait is e excruciating. president obama visited hawaii after talks on capitol hill. they were $200 billion apart on a deal. >> the president was $2200 billion higher on revenues and speaker boehner, $200 billion on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decision ahead, six days left. >> lawmakers are saying they will likely take on tax reform and spending cuts again in the new y
CNN
Dec 26, 2012 4:00am PST
leftover christmas spirit. they only have six days to avoid the fiscal cliff. the president will leave hawaii tonight to come back to d.c. let's speak to a republican from florida. congresswoman, you played a big role in getting a marine out of a nightmarish prison in mexico and back to his family for christmas. first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when the triggers kick in? >> i'm very optimistic if all of us pull our weight and do some serious conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in history. it will affect everybody, and anyone who is watching who thinks, oh this isn't going to impact me, you will fin out d o will, and we know the problem is a lot of spending. not that we're not taxing people more, we're just spending too much. we hope that the president understands that as fo
CNN
Dec 26, 2012 1:00pm PST
at avoiding the fiscal cliff. the sharp tax increases and across the board spending cuts scheduled to take effect next week. cnn's white house correspondent brianna keilar is traveling with the president. >> reporter: president obama will leave tonight, travel overnight and arrive in washington late thursday morning as the senate is set to reconvene. all eyes right now are on the upper chamber of congress as this really is coming down to harry reid trying to cobble together a measure to avert the fiscal cliff. whether that can be achieved is still very much up in the air. as of right now, president obama has gone back to his original demand that the bush era tax cuts be extended only for the first $250,000 in earnings. the white house is talking to senate democrats about what their proposal may look like. but as of yet, neither is in communication with congressional republicans. and as the white house hashes out details of the reid plan with senate democrats, it's at this moment unclear exactly what form it will take, what it will look like, other than to deal no doubt wheith tax cuts. det
ABC
Dec 26, 2012 2:40am PST
to washington to resume negotiations to avoid that fiscal cliff. congress will also be returning on thursday, and we will finally see if they can come together and make an agreement. >> and the clock is ticking. we are now just days away. and the one thing that we off forget, this fiscal cliff, this isn't some small cliff we're talking about. this is like road runner, wylie coyote way off that cliff. you come off that cliff, it is a long way down. there are serious consequences for all of us. >> spending cuts, taxes raised across the board. and the president was hoping that everyone could cool off, drink of eggnog, spend time with the family and when you get back to washington on thursday, let's hammer it out. but a lot of people are saying it doesn't look like it may happen at all. >> a lot of people will be celebrating on new years. when we wake up january 1, there might be a lot of upset people. >>> in other very important news, perhaps the most important news of the night, trenton, ladies and gentlemen, remains in the hands of the hessians. yeah, george washington didn't cross the delawa
ABC
Dec 26, 2012 4:00am PST
to try to avoid that fiscal cliff. reena ninan is traveling with the president. she joins us, now, from honolulu, hawaii. reena, has there been any movement to try to reach a compromise here? >> reporter: it doesn't seem that either side -- the president or the white house has reached out to either side over this christmas break. no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft something together that will pass both the house and the senate. so, the burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their efforts? >> reporter: right. as i mentioned, capitol hill, now, taking the emphasis over at the senate side. the other concern that the white house does have is to make sure that they come to their different party lines. the democrats want to see, obviously, the middle class not fa
ABC
Dec 26, 2012 6:00am PST
and democratses to reach a deal to avoid the fiscal cliff. this morning the ceo shulz asked all of his washington, d.c. employees to , come together. >> if you are looking to turn that ugly sweater -- to return that ugly sweater from aunt imagine, today may not be the best -- day. >>> good morning. more signs of recovery in the housing market numbers show home prices climbed in the 12 months through october by the most in more than two years more than 4% gain if you look on the month-to-month increase, san francisco coming in number five, las vegas had the biggest monthly gain. christmas is over, let the returns begin. if you received any gifts you don't want, you might want to wait a few days to return it. today is the worst days to do returns because the lines are longest, store clerks burned out. in the markets, pretty quiet at the moment]ó;o, slight gains for the benchmark averages as well as bloomberg index, a lot of wait and see. as people unwrap new gifts a green citizen says don't forget to recycle old electronics, it expects to see a 30% rise in e-waste between now and february, the big
KRON
Dec 25, 2012 8:00pm PST
october. that short shows investors nervous as lawmakers fail to reach a deal to avoid the fiscal cliff. we'll be right back. here's stan roberts who found some people banking bad -- behaving badly. >> we're gonna turn right. >> reporter: every major highway, the chp puts out an all hands on-deck call. it's called maximum enforcement. >> at the next driveway we're gonna turn right. next driveway turn right. >> reporter: this means there is a maximum amount of officers on the road looking for violaters, like this driver who -- well, listen to the officer. >> the reason i stopped you, you weren't wearing her seat belt. >> reporter: the driver claims she forgot. that's not a good excuse. >> you got cited today for not wearing your seat belt. >> reporter: this driver was observed doing something that is all too common in the bay despite it being a violation of the vehicle code. >> drive. drive. drive. exit the freeway. exit the freeway. >> reporter: even driving while on the cell phone without the benefit of a hands-free device and yes, he did get a ticket. this driver ran a stop at a front
CNN
Dec 26, 2012 6:00am PST
activity and healthy eating. >>> before heading back to d.c. to try to avoid heading off the fiscal cliff, president obama and the first lady kept up a christmas tradition. they visited marines at a base in hawaii thanking them for their service. mrs. obama and their daughters, by the way, won't cut short their vacation. they're staying in hawaii while dad flies home. >>> a trip to a christmas party with the family took an unexpected turn for my next guest and his wife when they ran into this -- >> oh, my god, we need to go. it's right there. >> his name is david and he joins me now by phone. welcome, david. >> hello, how are you? >> pretty good. you're driving to a christmas party and you see a huge, frightening tornado in front of you. what went through your mind? >> well, the first thing was, i asked my wife to pick up the camera and start getting some footage of it because i know that local news stations and everything were wanting to see what was going on. at that point, we just kind of drove as fast as we possibly could to get out of the way. >> i was going to ask you, so did you st
CNBC
Dec 26, 2012 6:00am EST
strategists from both parties what it takes to avoid the fiscal cliff. >> the report of retailers. >> i love the smell of congress in the morning. >>> retailers try to close out on a strong note. the third hour of "squawk box" begins right now. >>> welcome back. i'm joe concern non along with andrew ross sorkin. becky quick is out today and our guest host is dan greenhouse with the beroni tie and cnbc contributor. just a slip. more frin a minute. first andrew has your good morning headlines. >>> no surprise, the fiscal cliff, both aides or parties saying a partial patch is the most to be expected before january 1st. the session of the senate set for tomorrow. the house, nothing on its schedule for the week but have been told they could be called back with 48 hours notice. meantime, the white house they already got the notice. they say the president is flying back from vacation from hawaii today. let's take a quick look at u.s. equity features. dow jones looks like it will open up 20 points higher, and s&p 500 over three points. and dow jones, almost 23 points. the new pro business government
FOX News
Dec 26, 2012 2:00pm PST
the fiscal cliff. we look at what happens if the deal does not happen. spoiler alert, it will cause you money. grapevine, david gregory could be in trouble for a segment on his sunday show. we show you what happened. "special report" starts at 6:00 p.m. eastern standard time. now back to new york and "the five." ♪ ♪ ♪ >> kimberly: is it a horrible offense to be too good look? apparently so in iowa. they ruled a dentist james night had a right to fire his dental assistant melissa nelson for being too irresistible. and a perceived threat to his marriage. nelson worked in the office for ten years said she viewed knight as father figure and was fired after his wife complained about his infatuation with her. >> after working for so many years side-by-side, i didn't have any idea that that would have crossed his mind. i think it sends a message that men can do whatever they want in the workforce. >> kimberly: not nice. but apparently the iowa supreme court disagrees with me. eric you are laughing. >> eric: i'm laughing can you manual if she was fired for being too not good looking. there woul
MSNBC
Dec 26, 2012 6:00am PST
less than a week to get a deal to avoid the fiscal cliff. not a lot of time. how did we get to this point? taking you back to last week, you remember john boehner tried to get that alternative bill through the house. his own bill. he didn't have the support to do it. it fell apart. now things are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and
MSNBC
Dec 26, 2012 1:00pm PST
anything to avoid the fiscal cliff. what do you think's going to happen? >> well, i thought luke took us eloquently through all the scenarios. but to me this is all simple. it really comes down to this. is john boehner willing to introduce a compromise plan in the house of the type the president offered before he left? extend the tax cuts only for the 250 and below. you kick the sequester down the road, you patch the amt and medicare fix. all that. if the speaker is willing to put that to a vote, i suspect it would pass in the house and we actually could have a compromise before the end of the year. but it would pass with mostly democratic votes. and the likelihood he's going to want to do that seems to me very slim. that's why i think we're probably going over the cliff. now, my hope is that it's more of a bungee jump than a cliff dive. because on the other side there's some dynamics that change such that republicans can vote for a big tax decrease off of what will then be current law. >> jared, you've got a post -- i just want to go back for a moment. while this ping-pong game is going
MSNBC
Dec 26, 2012 10:00am PST
to avoid a fiscal cliff. will a deal get done? a newspaper under heavy criticism now for publishing the names of local gun permit legal local gun permit holders online. details on that are next on n "news nation." e reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up a
CBS
Dec 26, 2012 5:00am PST
. >> thank you. >>> there's more urgency in washington to get a deal done before the so-called "fiscal cliff" deadline less than a week from now. senate majority leader harry reid was reportedly at the capital on christmas working on a scaled-down plan to avoid tax hikes for all about the wealthiest americans. his plan would include short term spending cuts instead of long-term deals that had been sought. >>> from hawaii. comes word that president obama will cut short vacation and return to washington later today to take part in "fiscal cliff" negotiations. christmas day the president and first lady met with servicemembers and their families. the president told the marines he was grateful for their service and posed pour pictures. >>> recent college graduates are having a tough time getting jobs in their desired lines of work. according to the latest u.s. census figures about 2 60,000 young adults with college degrees in california are working in food service and retail. >> couldn't get a job in the field that i wanted to so i figured i have to start at the bottom. >> without higher paying j
MSNBC
Dec 26, 2012 4:00am PST
-duck session of congress. they will avoid the fiscal cliff, and they'll do it in a way that will produce a budget agreement either in this lame-duck session or in the first couple of months of next year. that's what i think will happen. >> there's the part of the conversation every year that drives mika crazy when i talk about how we all, in the 1990s, worked together despite some pretty tough differences. >> we didn't in 1995. we had a pretty rough '95. >> '95 was an ugly year. there were a couple of other ugly years. >> but the other ugly years we already had a modus operandi of working together. if you look at what was accomplished in '98, '99 and 2000, they were good years. the only desert year was 1999. >> i faulk specifically about 1999 because people will poke at me when i talk about how you and the republican congress worked together. i say no, you should look at 1999 because even in the worst of times, the president's people were talking to leaders of congress. >> every day. >> and somehow even in the worst of times, even in a constitutional crisis, government worked. people put
FOX News
Dec 26, 2012 2:00am PST
and avoiding going over the fiscal cliff. hope you had a great christmas. how are things looking there? >> merry christmas. president obama is set so fly out of honolulu tonight. 3:00 a.m. thursday on the east coast. he will arrive sometime in dc at some point. they are going to stay behind in rara. he visited a hundred service members to thank them for their service to talk about brothers in arms who are still serving in places like afghanistan. he wished many of the men and women at the marine base in hawaii a in a very laid back atmosphere. different than what he will return to the negotiating table at the white house where he and speaker boehner are believed to be $400 billion apart whchlt speaker boehner had the poll the republican plan d bill which would have raised taxes on millionaires. $414 billion. it is all that separates the two sides. if he makes a deal with the president he still has a ways fog. you can mix his conference in the house to go awong with it. as far as we know there has not yet been a time established tween the principal negotiator for an intern meeting somet
CNBC
Dec 26, 2012 9:00am EST
that the folks in washington are coming back, and making a last-ditch effort to avoid that fiscal cliff, so-called $600 billion in tax hikes, and cuts due on january 31st. meantime, we are getting those reports out of china, that china may start to rebuild. as melissa noted, copper, one of the big beneficiaries today. interestingly, the journal had a report that the s.e.c. has delayed the requests to start a new copper etf, which would be a large buyer of copper. that has been delayed until later in 2013, as far as approvals. nonetheless, we've got a fairly buoyant move to the upside this morning. david, back to you. >> thanks very much, bertha coombs. we want to visit a topic, sort of a year-end topic. what we can expect particularly when it comes to the lack of leverage buyouts. we talked a number of times about it this year with other guests as well, that talked about the merger and acquisition environment. it is a glaring lack of activity. i don't want to make too much of it, take a look. you can see how they've done this year. in line with 2010. up ever so slightly from 2011. remember,
FOX News
Dec 26, 2012 3:00am PST
to figure out how to bridge a 400 million dollar gap in their positions to avoid the fiscal cliff. the last time we heard from the president, he thought a break would benefit and bring lawmakers together. to make a difference >> everybody can cool off and drink egg nogand have christmas cookies and sing christmas carrolls and enjoy the company of loved ones and ask every member of congress when they are back home to think about that. think . obligations of people who cent us here. >> speaker boehner is expected to return to dc any time he with drew the republican plan b deal that extends tax cuts to everyone under millionaire. he was confident that the cliff could be avoided last time we heard from him. >> of course, hope springs eternal and i know we have in us to come together and do the right thing. we'll work on a plan to protect families and small businesses. >> and so there is time for a in person meeting. >> we are getting some twitter for rick. what is new york city looking like with a nor'easter on thursday. i want to know the answer on that. deadly storm system that pounded the mi
MSNBC
Dec 26, 2012 11:00am PST
to avoid the so-called fiscal cliff. john boehner has not called members back to d.c. yet. we will get a live report on that. be sure to check out our "news nation" page and find all kinds of behind the scenes pictures at "news nation".tumbler.com. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece. >>> another update with six days to go before the nation goes over the fiscal cliff. president obama is due back in d.c. after cutting his vacation short. the house speaker has yet to call his numbers back to work. they are scheduled to return to d.c. tomorrow. we learned today that house members won't be handling any legislative business. one republican aide saying it's up to senate democrats to act right now. let's bring in the correspondent i
FOX Business
Dec 26, 2012 1:00pm EST
, jeff. >> as we avoid the fiscal cliff and the economy picks up, and big ifs, which industries stand to add the most job? rick newman is here for u.s. news and world report. rick, nice to meet you. >> hi, how are you doing? >> you gave us a list, and interesting to pull out the theme. social networking sites, video game publishing, online payment, definitely a theme here where the growth is at. >> heard this the last couple years, obviously, it's digital, digital, digital, and real estate on the list as well. social networking. it's not a 235d, but -- a fad, but here to stay, and mobile devices, social networks follows. news sites too, not just facebook and twitter, but pinterest. there's smaller ones, niche sites, but the trends is here to stay. >> sustainable building materials, huh? >> i hate to tell you, but it's growing, and it is growing because state and local governments have new standards, not because of washington, anything happening in washington. it's not a stimulus plan, don't worry, but it's new standards. state and local governments needs buildings to be energy first t
CBS
Dec 26, 2012 7:00am PST
a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a drop off for doctors. >> if republicans do give in and support the deal being put together by harry reid that deal is expected to be far less favorable than the potential deal they had been work
CNN
Dec 26, 2012 2:00am PST
-ditch effort to avoid the fiscal cliff. even though the president is returning on thursday, we may not see the senate roll out its bill to deal with the fiscal cliff. perhaps for a couple of days. this is entirely possible we've learned from sources as senate majority leader harry reid works to get republican support in the senate, which he will need if he's going to pass a bill. and so we're still waiting to see exactly what it will look like that the white house wants for the threshold on income tax rates to cut off at $250,000. we will see if that ultimately is what senate majority leader reid rolls out. as of this point in time, we're expecting this to be a limited measure to deal just really with the fiscal cliff, which was supposed to be appear incentive to deal with the long-term fiscal health of the country. not part of this, obviously looking at a big package. >> can you do this even if everything goes right? getting through the two houses. i don't think the house is anywhere near -- they couldn't get a million collars for the cap of the tax rates expiring. so what is the position
ABC
Dec 26, 2012 7:00am PST
to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. but lawmakers are expressing very little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine base, thanking more than 100 troops and their families for their service. >>> and this morning, the taliban is claiming responsibility for a suicide bombing at a major u.s. base in eastern afghanistan. three afghans, including a guard at camp chatman were killed in today's explosion. >>> and back here at home, former major league baseball player andruw jones is free on bond this morning. he was arrested near atlanta early christmas morning on a battery charge, after police responded to a call about a domestic dispute with his wife. >>> and netflix, they are apologizing for a christmas outage in its video streaming service. yes, it happened on christmas, a little untimely. it took ten hours to resolve the problem, which affected subscribers across the country. the company says it stemmed from a failure at am
FOX
Dec 26, 2012 7:00am PST
many of you may have to hold off on filing income tax returns if congress doesn't avoid the fiscal cliff. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> we are tracking downpour across parts of the bay area. here is the live camera looking toward mount diablo. take a look at live storm tracker two and show you the current rainfall pattern. >> and welcome back. the president is cutting his vacation short to face the fiscal cliff. is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wa
KRON
Dec 26, 2012 7:00am PST
leaders to avoid the fiscal cliff. the hulls and senate has reconvened and they stated that without an agreement those increases will take dan. >> here is a look at wall street they are back at work this morning. the dow was up this morning but now they're back down by 22 points. >> in bay area >> . a san francisco woman will be in accord after an accident that killed a person and injured two others. this woman was killed when she was hit and police stated that the driver of this car was intoxicated. the victim's son stated that he does not one another person to go through this because someone was drinking and driving. >> there are consequences, my family, i had a perfect family and mother. not everything is gone for me. >> the driver of the car was arrested. she is only 23 years old. she faces felony counts including the hit killer manslaughter. >> a man shot in west oakland on christmas day has pushed the homicide rate up. 32 year-old was shot at 24 in chestnut street and his murder is the 127 homicide of the year. the last time this rose was in 2007 and know what has been arreste
CBS
Dec 25, 2012 5:30pm PST
the flames don't go out. ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum tax that duds up hitting
FOX News
Dec 26, 2012 8:00am PST
a plan-c to avoid the oncoming fiscal cliff and whether either side is ready to compromise, find some common ground, to keep our paychecks from shrinking as well. peter barnes is fox business network's senior washington correspondent. and he joins us now. peter, what does all this mean specifically for our taxes? >> well, kelly, it means that on january 1st the nation faces about a $5 trillion tax increase over ten years through the expiration of the bush tax cuts and assuming that congress does not approve its annual patch for the so-called alternative minimum tax and the medicare doc fix that prevents deep cuts in medicare payments. the lapse of the bush tax cuts means top rate would revert to 39.6% from the 5% now but it would go up for lowest income earners. reverting from lowest rate to 15% from 10% now. for investors, capital gains rates would revert from 20% to 15% now. depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. but, if you're a deficit hawk, you might be happy with this news. the congressional budget office estimates that wi
ABC
Dec 26, 2012 11:00am PST
, if the bill is signed. >>> president obama is cutting short his holiday to resume fiscal cliff negotiations. the white house says the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on th
KOFY
Dec 26, 2012 11:30am PST
. >>> president obama is cutting short his holiday to resume fiscal cliff negotiations. the white house says the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the embarcadero side at
FOX Business
Dec 26, 2012 4:00pm EST
rise above 9% if we went off the fiscal cliff, gdp growth would lose a percentage point. the consequences are very dire. how do you avoid that happening? david: it is kind of surprising that you mak my goodness from hs economic advisors. wells is advising him of what to do from an economic perspective? >> presidents don' presidents dt their economies. if they did, everything would be fine. listen these political types and the political types that you got to have tax hikes on the rich because that place into a certain constituency we have to fund the green energy projects because it plays into the environmentalists. david: the council of economic advisors are pretty close to pure economist whereas there are other economists who are more politically oriented and it is that group the president is listening to right now. >> there are lots of political types in the white house. they listen to those a lot more than they listen to the economy. the president is a lot more responsive, this president anyway, to his political advisors than his economic advisors. david: even at the
CSPAN
Dec 26, 2012 12:00pm EST
and the president over possible ways to avoid the fiscal cliff. large employers are very actively encouraging those negotiations to succeed. very important from the health of the overall economy that does succeed or it could come up as part of entitlement reform in which gail thinks may not occur until 2016 or beyond and it could come sooner or possibly even as part of a broader negotiation over tax reform. so you really have to look not a think just of the possibility of a change in medicare eligibility age for the broader context in which that change could come about. >> thank you very much, paul. to get to the point where we can hear your comments, here your questions. there are question card you can fill out and someone will bring it forward. there are microphones on either side of the round that you can line up behind to ask your question. i know tricia has been scribbling questions right and left as we were going through the presentations. do you want to start us off? >> sure. one of the ideas that gail mentioned that has been put on the table is by zeke emanuel that would apply lifetimes ear
CBS
Dec 26, 2012 4:30am PST
website, cbssf.com/weather. >>> well, we're less than a week away from the so-called "fiscal cliff." the pressure is increasing in washington. senate majority leader harry reid was reportedly on capitol hill at christmas working on a scaled-down plan to avoid tax hikes for all but the wealthiest americans. his plan would also include short-term spending cuts instead of long-term deals that have been sought. president obama will cut short his hawaiian vacation around return to washington today to take part in those negotiations. christmas day the president and first lady met with servicemembers and families. the president told marines he was grateful for their service and posed for pictures. >>> more bay area headlines. one of santa's helpers put in a little overtime on christmas but instead of a sleigh and reindeer, san jose postal worker nancy ray used this a mail truck. ray is carrying on a decades old tradition of delivering packages to people on christmas. this is the third year ray has put her sant suit. she started working in the san jose post office 20 years ago and said thi
FOX Business
Dec 26, 2012 9:20am EST
the higher tax rates and the spending cuts of the fiscal cliff, we will see how that affects the stocks. u.s. retailers report the weakest holiday sales since 08. sales in the two months before christmas increased .7%. some analysts say that the 2012 shopping season was affected by bad weather and people's uncertainty about the economy. joining us now is keith fitzgerald from money map press. keith, do you think really think that's affecting people's shopping habits? i think they are just worried about the money in their pocket. they don't have as much of it as they used to. >> i'm with you. i don't think it's the weather. i think that's always an easy thing to blame. the reality is the average american has less money in their pocket. they're very concerned about the lack of adult supervision in washington. retailers in part to be blamed for this, they spread holiday shopping across multiple seasons and outlets at a time when consumers don't have the money. they're missing the boat here. they have done it to themselves. the specials are very aggressive after christmas. we have a few days t
CBS
Dec 26, 2012 6:00am PST
together every 10 minutes. back to you guys. >> thank you. >>> we're less than a week away from the "fiscal cliff" and it turns out not every lawmaker left for the holiday. senate majority leader harry reid had worked on christmas at the capital on a scaled-down plan to avoid tax hikes for all but the wealthiest americans. his plan would also include short term spending cuts instead of long term deals that had been sought. >>> president obama will cut his hawaiian vacation short today and return to washington to take part in "fiscal cliff" negotiations. >>> holiday sales grew at a weak pace this year. the weakest in four years. mastercard advisors spending pulse reports that sales in the two months before christmas increased .7% over last year. a lot of analysts expected sales to be up 3 or 4%. but wait, there is more. when i worked in retail when i was in college, christmas was busy enough. but the day after christmas? it was unbelievable! cbs 5 reporter cate caugiran is in san leandro where after- christmas shopping has already started. >> reporter: yes, brian. it started at 5:00 this mor
FOX Business
Dec 26, 2012 11:00am EST
to hold off some of the fiscal cliff, it looks like washington's only option at this late hour. dennis: a white christmas in many parts of the country but now stopping people from getting back home. we are live at the fox weather center. shibani: let's look at the winners in the s&p 500 index. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your
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